Bojangles’ Net Lease Investment Opportunity | 6.5% Cap Rate

Highlights:

• Superior tenant, operator and location with over 20, 000 VPD
• Situated just off Interstate 520 in Augusta, GA, home of the Masters Golf Tournament, Medical College of GA and many other US Army and university institutions
• NNN lease with 6 years remaining on the initial 16 year term with 3 five year options and rent increases of 10% every five years
• Recent price adjustment makes this NNN lease with 6+ years remaining on the initial 16 year term with 3 five year options and rent increases of 10% every five years even MORE attractive!
• Strong demographics with a population of 111,000 and average household income of $69,000 within 5 miles
• Operated by BOJ of WNC, the largest Bojangles franchisee with over 122 locations in 5 states

Description:

This absolute NNN leased Bojangles has a superior location in Augusta, GA on busy Peach Orchard Road with 20,800 VPD. Placer.ai ranks this store in the top 25% of all Bojangles in Georgia! The ±3,808 SF QSR with drive thru sits on a ±1.17-acre corner site and is operated by the largest Bojangles franchisee with over 122 locations.

Area retailers include Big Lots, Family Dollar, Tires Plus, Fifth Third Bank, O’Reilly Auto Parts, Circle K, Zaxby’s and more. Five-mile demographics from the property include a population of over 111,000 with an average household income of over $69,000.

Augusta is the location of the world reknown Masters Tournament and home to the US Army’s Cyber Center of Excellence at Fort Eisenhower, Fort Gordon, and Augusta University (and its Medical College of Georgia). Augusta is approximately 150 miles southeast of Atlanta and about forty-five minutes from Aiken, SC and another 45 minutes to Columbia, SC.

The initial NNN term of 16 year absolute NNN lease has 6+ years remaining with 10% rent increases every five years and three 5-year renewal options. The tenant and guarantor, BOJ of WNC, is the largest Bojangles franchisee with locations in North Carolina, South Carolina, Georgia, Ohio, and Tennessee. This offering is a great opportunity for an investor to get a strong brand, operator and real estate in a vibrant MSA. The price has been recently adjusted to $2,987,687 and a 6.5% cap rate.

Augusta, GA

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